Staples Downsizing May Be Alarm Call For Traditional Retail

Law360, Wilmington (March 11, 2014, 12:00 PM EDT) -- With Staples Inc.'s announcement last week that it plans to close up to 225 stores, bankruptcy professionals wonder whether it marks part of an alarm call for brick-and-mortar retailers facing online competition — and if the office supply giant could be staring at Chapter 11 if its aggressive downsizing strategy fails.

Massachusetts-based Staples unveiled the news Thursday that it plans to shutter as many as 225 of its more than 1,800 North American locations as part of a strategy to shed $500 million in costs. The...
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